· SME · BSE
Price Band
₹120–127
Lot Size
1000 shares
Issue Size
₹70 Cr
Min. Investment
₹1,27,000
Indicative, updates through the day
Cap price plus current GMP: ₹127 — arithmetic, not a forecast
Subscription data will appear once bidding opens.
Susan Electricals India IPO is an SME issue that listed on BSE on 18 June 2026. The issue price band is fixed at ₹120–₹127 per equity share with a minimum market lot size of 1000 shares, bringing the total issue size to ₹70 Cr. At the upper price band, the minimum retail application requires one lot amounting to ₹1,27,000.
No meaningful grey market premium is actively quoted for Susan Electricals India IPO at this stage. For an SME issue at this point in the timeline, this is standard until anchor book allocations and institutional bids build volume. A missing premium is not negative sentiment; it reflects lower off-market liquidity. Read our complete guide to IPO GMP mechanics.
The minimum investment for retail investors is one lot of 1000 shares (approx. ₹1,27,000 at the cut-off price). Applications must be submitted using ASBA via Net Banking or the UPI Mandate route through registered stockbrokers (Zerodha, Groww, Angel One, Upstox).
The official registrar appointed for this issue is Mudra RTA Ventures Pvt. Ltd., with the basis of allotment finalised on 16 June 2026 and listing completed on 18 June 2026. Once declared, you can check your allotment status on our IPO Allotment Checker using your PAN or Application Number. If you are not allotted shares, the ASBA block on your bank funds is automatically released by T+2 day.
Issue Price
₹127
Listed At
₹186
Current Price
₹195.3
Incorporated in 2007, Susan Electricals India Ltd. is engaged in the manufacturing of aluminium and copper-based electrical winding wires, conductors, and power cables in various specifications, sizes, and configurations. The company’s product portfolio includes winding wires and strips used in transformers, motors, alternators, coils, and other electrical equipment, as well as aluminium stranded conductors used in overhead power distribution networks. The company also manufactures power cables, including low tension (LT) cables such as PVC and XLPE insulated cables (up to 1.1 kV), including Low Tension Aerial Bunched (LT AB) cables, and high tension (HT) cables used in higher-grade power distribution systems. Its customers primarily include state-owned electricity distribution utilities (DISCOMs), infrastructure and EPC companies, and businesses operating in the electrical wires, cables, and conductors segment. In addition to manufacturing activities, the company undertakes trading of aluminium wires and rods used as key raw materials and also provides job work services related to the processing of winding wires and strips. The company operates three manufacturing facilities in Ghaziabad, Uttar Pradesh, located at Site-IV Industrial Area, Sahibabad, and SSGT Road. During Fiscal 2026, it sold its products across 7 states in India, including Uttar Pradesh, Jharkhand, Madhya Pradesh, and Karnataka. As of April 30, 2026, the company had 216 permanent employees.
Susan Electricals India IPO raises ₹19.34 crore from anchor investors. Susan Electricals India IPO Anchor bid date is June 10, 2026.
| Category | Shares Offered | % |
|---|---|---|
| QIB | 25,39,000 | 49.94% |
| − Anchor Investor | 15,23,000 | 0% |
| − QIB (Ex. Anchor) | 10,16,000 | 0% |
| NII (HNI) | 7,65,000 | 15.05% |
| − bNII > ₹10L | 5,10,000 | 0% |
| − sNII < ₹10L | 2,55,000 | 0% |
| Retail | 17,80,000 | 35.01% |
| Market Maker | 4,58,000 | 0% |
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Individual investors (IND) (Min) | 2 | 2000 | ₹2,54,000 |
| Individual investors (IND) (Max) | 2 | 2000 | ₹2,54,000 |
| S-HNI (Min) | 3 | 3000 | ₹3,81,000 |
| S-HNI (Max) | 7 | 7000 | ₹8,89,000 |
| B-HNI (Min) | 8 | 8000 | ₹10,16,000 |
EPS (Pre IPO)
11.70
EPS (Post IPO)
8.97
ROE
47.42%
P/E (Pre IPO)
10.85
P/E (Post IPO)
14.15
Price / Book
5.15
Market Cap
₹198Cr.
| Company | P/E | ROE | Revenue |
|---|---|---|---|
| Systematic Industries Ltd. | 17.75 | ₹115.60 Cr | |
| Prime Cable Industries Ltd. | 15.6 | ₹40.04 Cr | |
| JD Cables Ltd. | 11.66 | ₹95.99 Cr | |
| Bhadora Industries Ltd. | 12.6 | ₹55.62 Cr |
Susan Electricals India Ltd. Address
Mudra RTA Ventures Pvt. Ltd.